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congress, including the deal on the bush tax cuts that were made at year end. $2.4 trillion of deficit reduction over the next ten years. and all also agree that $is.8is- that $1.8 trillion was gutting expenses and a little more than $600 billion of this was revenues achieved through the year-end bush tax cut deal. so everwhelmingly what has been done thus far has been in spending cuts rather than new revenues. it is very important for us to know that. it is very important for folks to realize that democrats are willing to make are hard calls about spending. we've done it already. but the question before this body and the question before the house now is going forward, what do we do to achieve additional deficit reduction that's consistent with having a growing economy? and the approaches of the senate and the house on this could not be more different. the house approach basically says that all additional deficit reduction should be achieved by cutting spending. by looking at one side of the balance sheet. i do not know of a business, i do not know of a family, i do not know of other u
of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
is back, and the $13 billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats, a new report according to an isp, nigeria as being the worst for spam. dagen: the corporate tax burden in the country. who pays the most? those stories and much more coming up in hour on "markets now." ♪ connell: markets are going back to positive. dagen: who has a greater connection than anyone in the building. connell: good morning, nicole. dagen: good morning, yes, my mother and father were born in cypress, but i want to look here at the averages, a lot stemming from what we heard in cypress, them giving a vote to tax the depositors there, and that, in turn, could really pressure europe overall, that vote takes place tomorrow. the banks closed until thursday. the euro is at a four month low, and people are spooked. i mean, that's really what's occurring here, down 45 points for the dow jones industrials, so that's down
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
that would be devastating for our families and the economy, dismantling medicare and ending up cutting taxes for the rich while raising them on the middle class. and not only that, but it did rely on gimmicks and tricks to hit that arbitrary date. there is nothing balanced about that kind of approach, and i'm very glad that every member of the senate had an opportunity to be clear about where we stand on that. mr. president, the senate also voted yesterday to specifically reject the idea that medicare should be dismantled or voucherrized. i'm glad we had strong bipartisan support on that amendment. we also voted clearly for the idea that while both sides favor closing tax loopholes and ending wasteful reductions that favored the wealthiest americans and biggest corporations, the senate thinks some of that revenue should be used to tackle the deficit and invest in the middle class, not be used just to simply cut tax rates for the rich the way that the house budget did. so, mr. president, we have a few more hours of debate this morning between now and 11:00, followed by some votes, and then we
, our chair says that this is a pro-growth, pro-middle-class budget. i say it's pro-tax, pro-spend, pro-debt budget. it's a budget of deep disappointment. it's a budget that comes nowhere near doing the things necessary to put america on a sound path. it's a budget that does indeed reflect the stark differences between our parties. it's rather remarkable to me the extent to which our majority party in the united states senate has no interest in producing a budget that actually balances and actually puts america on the right path. they say they care about growth, and i know they do. i know they would like to see the economy grow more and more jobs be created because we have had the slowest recovery during this recession since any time after the world war ii, at least. very, very slow. but we have done something to a degree we have never done before, and that is borrow and spend to stimulate the economy. and someone has compared borrowing and spending to stimulate the economy to the idea of someone taking a bucket, scooping up water in one end of the swimming pool and pouring it into the
, a possible tax on bank deposits and austerity measures that could result in the loss of thousands of jobs. that has sparked a protest. welcome to a brand-new hour of america's news headquarters. >> jamie: good to see you. good morning, to all of you. it happens that time is running out fast in cypress. if they can't reach a deal, the european central bank will stop providing emergency funds to cypress after monday, triggering a collapse of the country's banks. greg? >> shannon: hey, jamie, eric. it is crunch time here in cyprus. the economic fate of the country could be decide in the next several hours. all of europe and the united states is watching. the action rate now is in brussels. officials are meeting with the top brass at the u.u., the european central bank. they are trying to figure out a bailout for the near bankrupt country. the terms are tough, including the bank levy, 20% on big depositors at the main bank, which has been very controversial. in addition to that, other demands on the bank system have people worried about their job, worried about their moan. we were out and abo
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
wanted to commend it administration for its aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point a
taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities. we lay out. we think obama care should be repealed. the
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
and a member of the ways and means tax writing committee. if you would, starts by bringing us up-to-date on where the house is when it comes to the continuing resolution and the 2014 budget. guest: the continuing resolution which funds the government was passed out of the house a couple of weeks ago. the senate has been dealing with that. they passed it last evening. it is back in the house, and we will likely pass that today, which is good news because one of the things that we included was the spending reduction, the appropriate spending reduction so we can try to get this economy back on track. excitingt is an activity that is been on the house floor these past two days. we will likely pass that out of the house of representatives today. this is a budget by paul ryan that will allow us to get to balance. that means the government will stop sending more money than it takes in by the end of the decade, which is really exciting. what that allows us to do is to get the economy rolling, jobs being created and provide more certainty so young people coming out of college know there i
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
. it's going to open us up and it's serving iranians, but not a penny of tax increases. no way. in that political environment, it's an unrealistic thing to expect any kind of grand bargain and we don't want to hold short-term economic policies hostage to having this grand bargain that i'd love to see but isn't going to happen right now. >> let me ask you about the last graphic about japan. japan looms large and you spend a lot of time working on it. you came to my attention first when you wrote a book about the, you know, japan-style depression economics and the age of diminished expectations. >> no, japan was the full-scale dress rehearsal for what we're going through now. japan is, people who were studying japan in the 1990s are the ones who are dreading what actually happens. >> when you look at japan. one thing you say, you're glad that the fed, the japanese central bankers finally doing something, but you often argue that japan didn't do enough in terms of stimulus. i want to show you japan's debt to gdp. and, you know, if this isn't enough, then what is? look at what japa
on the failed idea that giving another round of tax cuts will somehow triple down and lift up all the other boats. we know that has not worked. peter: the senate starts its votes on its budget tomorrow. i will start here before i talk about easter bunnies and march madness. connell: we do not want that, peter. we never want you to get into trouble. dagen: that does not get you into trouble with us. we go as far as talking about audio parts. right now we want to talk about funding the government. 68% of americans say it is a problem. connell: monica crowley is here with us today, as is leo kelly. interesting because of what we have seen in the stock market. today, with the market pulling back with all-time highs, it is not really about the stuff peter is reporting about. >> cyprus, his little country that no one really was paying attention to a couple weeks ago certainly has no whole world turned upside down. what the market has really come to expect from washington is delayed until the last minute, but come up with a resolution. the threat goes away each time they do this. dagen: speaking o
were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
to the bottom of that? are we about to see a national internet tax, a tax on everything you buy online? it is on the hill today, and you need to see this report before your next click. and no more carrots. remember those thing. american tourist. you couldn't fit that in a carry-on if you tried. a major carrier experimenting with no more carry-s on. leave the luggage behind. you goat sit down first. it's a big change in the way america waits in line and flies away. sue is off today. simon is at the new york stock exchange. simon? >> and tyler, i'm slightly concerned for your european whack a mole you seem to have a very brutal hammer. let's move on and check where we are with the markets. after so many golden weeks of gains, it's been a little bit rough, but about 90 minutes ago we went positive. the dow went positive for the week. we were up over 90 points just shy of that, as you can see. let's have a look at where we are on the s&p right now. 1555 as we head into the weekend. we'll check on golds and brented a we work our way through the program. let's see what the mood of bob pisani
't the president, but the governor of california, and tax reform happened in that state. and it wasn't until later, ironically back in california, when ronald reagan as the president signed into raw the economic recovery -- into law the economic recovery act. real reform happened in the states. as was mentioned yesterday, there are now in america some 30 states that have republican governors and nearly as many that have republican legislatures. [applause] and so that's the good news. the good news is we have success, and it's happening in our states, and we can learn from that to tell our friends and our colleagues in washington how to move forward. because, you see, in the states to be successful we have to be optimistic. we have to be relevant. and most importantly, we have to be courageous. let me talk to you a little bit about each of those three things. you see, when it talks about being inspirational and optimistics, one of the things that's interesting is when i first ran for governor -- i have to say first because who would have thought i'd have to get elected twice in the same term -- [la
hear how much the $338 million jackpot breaks down after they pay taxes. "fox & friends" starts now. >>steve: welcome back to the studio. look who's back after a long vacation. >>gretchen: i knew that rooster called this morning. >>brian: is that how you got up? >>gretchen: i didn't sleep that much. i'm on a three-hour time delay. but glad to be back. nice to come back to a snowstorm on the east coast. >>brian: did you get my promo this morning? >>gretchen: i saw your lips moving and if i was reading lips correctly, i thought i heard you say? >>brian: gretchen carlson will debut her entire vacation picture by picture day by day. >>gretchen: i believe 7:30 eastern time i brought one picture. i needed marlon perkins on vacation. that's the clue. >>steve: he's unavailable. >>gretchen: i was pulling a brian for a moment. he always refers he needs marlon perkins and then we have to tell him he's no longer with us. it has to do with an animal that was very dangerous. stay tuned. great to be back. in the meantime let's get to your headlines. a last-minute deal to bail out cyprus. in exchan
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
the americans people and addresses things that are important to american families. you know, fixing the tax code, lowering the rates means more jobs and higher wages for the american people. voting for this budget means voting for the keystone pipeline. american-made energy means more jobs and lowering energy prices for the marn people. supporting patient-centered reforms means more jobs and lower health care costs for the american people. and protecting and strengthening medicare meeds a secure retirement for older americans. cutting waste means more airness and accountability for hardworking taxpayers. doing this means preserving the american dream, which is what we were sent here to do. we've balanced the budget before. 1997, republican congress working with a democrat president, bill clinton, came together to put the plan that would in fact balance the budget and we did. for four years ran a budget surplus. the president has an opportunity during this critical debate to come forward and to help make this part of his legacy like it has become part of the clinton legacy. working together on be
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
their taxes as well. we're talking about the thousands of government federal employees dodging the i.r.s. should they be fired? we've got an update on that this morning. >>brian: you think a woman's cheating husband would get the message. after she uses a billboard for revenge. but the best part is how she paid for it. look at that. "fox & friends" starts right gnaw. >>steve: welcome to march madness live here on the "fox & friends" set. >>alisyn: good to be with you all. >>steve: the president is out of the country, 50-hour sprint in israel. we have a situation where a lot of you are saying it is so cold here, i can't wait for vacation. we have a great segment in about 20 minutes. we have the founders and c.e.o. of 14 sandals, three beaches. wouldn't they like to see alisoe just as a token. we might have a beaches bureau. >>alisyn: let's do it. i volunteer. let's talk about the middle east. the president is making his first trip to israel since becoming president and there's a lot of tension, including this attack with rockets fired across the border. >>steve: indeed. somewhere in g
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
the deficit long term. the democrat budget, of course, talks about a big tax hike over ten years of about $1 trillion. republicans say they're not going to do that. they want to roll back obama care. these are the two outside extreme positions. that's where we're at now. going forward can they come together and find some middle ground? >> weigh in on that, lauren. is there really a chance for reconciling these two extreme budgets? >> i think david kind of nailed it here. when it comes to the budgets, they're just a little bit too far, but this budget process isn't a waste of time. i think it's promising that they went through regular order. this is something that the senate hasn't done. they haven't passed a budget this a long time. i think what we'll see is this may open the door to pass some appropriations bilts for 2014 and this could put us on the road for a long-term deficit reduction deal. these are just opening gothss here. >> david, as i look at your article, it focuses on immigration reform and how it's making its way through the senate. where do things stand right now? >> alex, the
. they pay their taxes. they may have different circumstances, but they're just as hard working. i think the border generally is insecure. if it was secure, we would not have a drug problem. people always want to blame. pack the bulbto -- pass the buck when they cannot deal with the real issue. that is my opinion. i appreciate you listening. --t: dan tweets in monte writes immigrants legal or illegal, to hand and enough to eat and consume. they help the economy and take jobs from no one. you can share your tweets tith us. -- with us. focusingrom reuters, u.s. immigration detention cost. there was much controversy recently about federal officials releasing hundreds of immigrants from detention centers, ahead of the looming budget cuts. the real issue should be the u.s. taxpayer foot as the bill to retain more than 30,000 people every day. not a group of immigrants to pose little threat to public safety were transferred out of federal facilities last week. and he says that should not be the focus. instead the fact that they're being detained should be. she writes whenever the circumstances
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. host: what is actually happening? you laid out a lot of discussions taking place at your workplace and terms of various scenarios, how things can be handled. a few, what is happening? caller: i am in education, and we have civilians students and military in the same classes. of t
a proposed online sales tax. [ man ] i got this citi thankyou card and started earning loads of points. we'll leave that there. you got a weather balloon, with points? yes i did. [ man ] points i could use for just about anything. go. ♪ keep on going in this direction. take this bridge over here. there it is! [ man ] so i used mine to get a whole new perspective. [ laughter ] [ male announcer ] earn points with the citi thankyou card and redeem them for just about anything. visit citi.com/thankyoucards to apply. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ been waiting for the price then hurry, sleep train's beautyrest and posturepedic clo
they can do is if you overpay your taxes, then when you normally would get a refund back, they're allowed to keep your refund. but how do you solve that? everybody who pays income taxes, you just increase your deductions so you're not overpaying your taxes. so really the trade-off isn't going to be do i pay this $1,000 fine for a lot of people versus saving $7,000 by not getting the insurance until i have to. it's going to be, essentially, paying zero fine and then going and saving the insurance premium that's there. $7,000 you'd save each year that you're healthy or $20,000 you'd save each year that your family's healthy is a lot of money to save. it's hard to believe that most people would pass up saving $20,000 a year for their family when i'm sure there's lots of other things they could go and spend their money on. but you could only imagine what happens if everybody decides that they want to go and save that 20,000. this program that was being set up as supposedly a way of making sure everybody's going to get insured is going to find very quickly that nobody's going to want to go and
have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes before the opening bell. >> al wlis siclisoison kosik li york stock exchange. >>> the heat tied a leg record for the second most con secreta consecutive wins. they will try to extend the streak in boston tonight when the celtics have their own run going, 11 straight home wins. >>> another miami basketball team is also on a roll, though. the university of miami hurricanes beat north carolina to become atlantic coast conference champs and advance to the ncaa tournament. 67 other teamses are in the big dance which tips off tomorrow. that means it's time to fill out those brackets. carlos diaz is checking a huge one here in the cnn center. wow, carlos. ♪ ♪ indiana, indiana, we're all for you, we w
,ave tax but neither would balance the budget in 10 years. also the congressional black caucus and the congressional progressive caucus will be introducing budget. it's possible a ryan version could be introduced in the senate. >> what is likely to happen in the senate this week? >> it will be democrats making the case for the patty murray budget. convince someto democratic senators who may not support that budget. they will have to sell it to democratic senators as well as republicans. no republicans are likely to vote for the budget. they will be calling for more spending cuts, no tax increases, balancing the budget sooner. >> republicans say this to be the first time in four years they have agreed to put forward a plan. why is this your difference? are a number of different things. there is a law that was passed that the members of congress will not get paid unless the have a budget resolution. , the debtwo years limit law basically established discretionary spending amounts, so you technically did not need a budget the last couple of years. also, democrats in the senate hav
exit from the euro. the rescue package scraps a controversial plan to put a tax on private bank deposits. but a top european official says europe may need help paying the bills. >> the euro area member-states are committed to assist cyprus in its adjustment process and have reaffirmed that the size of the financial assistance will amount to 10 billion euro. we would obviously welcome a contribution by the imf. heather: so, question is, who wins, who loses in this deal? stuart varney is the host of "varney & company" on the fox business network and he is here to answer that question for us. so who wins, who loses? >> heather, let's start with the oozers. the russian mob, number one. losers big-time. they will confiscate 30% or more of those depositers and money in the bank if they have got more than 100,000 euros. a lot of those people are russian. they will lose big-time. secondly, the cypriot people, they lose. the island is already in chaos and they face an economic depression. there are some forecasts that cyprus will lose 20% of its economy. that is a depression. so those tw
-partisan and bipartisan. someone who is non-partisan says higher taxes no taxes, no big deal. amnesty, deportation, whatever. but i think it's not about people abandoning their principles but finding common ground with people, even if they can't agree on everything, finding some things on which to agree. >> i was just a house member. >> president clickman. >> if anybody else would like a promotionless us know. we have another half an hour. >> members of congress as congressman talks about get elected to represent a district. we could have a long conversation about redistricting and about how in most states in this country if you are elected in a seat that is overwhelmingly a democrat or republican you are never going to lose that seat unless you compromise with somebody on the other side. but two people get elected by everybody in the united states. it seems to be i know this is something you've thought about given your time in the president. a president of the united states has a unique role to reach out to both sides in congress. without getting into a current events debate, i think we can agree
an amendment the medicalveal device tax in the 2010 health care law. again, the debate is underway. we caught up with a capitol hill reporter for inside information on the budget proposals in the house and senate. among the amendments they have debated and .ost: let's talk about the cr guest: congress is saying at least for today we avoided a showdown. the senate has passed it, the house passed it yesterday, and what it does is continue what we have seen from government funding. this is the era that we live in. rds that disagree on the way spending and taxes should go -- parties that disagree on the way spending and taxes should go. it keeps the sequester in place , although it does gives -- give .ome flexibility basically, it keeps in place what we thought we already had, which is a working government, sequester, and the ongoing pay freeze for federal workers. host: is the sequester here to i am starting to think that it has to be. twos harder to see how the sides reach an agreement when the democrats say let's replace half of it with taxes and republicans do not want that. i do not think de
in our currency. as part of the deal, this is the key. the local government raising taxes and puttings levies on some bank deposits. greg palkot is live outside parliament in the capitol of cyprus with more. greg? >> reporter: hey, jenna, the folks in cyprus right now are breathing a sigh of relief. they have avoided going under but at a cost. the deal struck with the european union was a tough one. probably why we saw protests here every day we've been here. one big bank will be shut down of the that will cost jobs. money from accounts of big uninsured depositers will be seized to the tune of 30% or more. small depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, be
relied on the more than $600 billion in tax revenue to help balance the budget. the senate considered five amendments yesterday as it started debating its budget resolution, but today's senators will consider several more starting at about 11:00 am eastern and then calling it a voter rama. but the process could take as long as ten hours. "politico" reports that one of the five that was passed yesterday was a recommendation to eliminate the medical device tax in the affordable care act. even though the votes are non-binding it could be an issue that could come up down the line, and help fund health care reform. device manufacturers don't like it for obvious reasons, and claim it will stifle innovation and kill jobs. and gun control is going to be the first order of business when the senate gets back from its two-week break. harry reid put a new package on the calendar. we're back after the break. stay with us. ♪ >> if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think
will be determined today. 40 percent of people's money could be taxed. it's interesting. this is like a tax the rich kind of thing going on there. >> all of the russian have their money parkd in cyprus. they had an opportunity to save cyprus, not so productive there. if you have less than 130,000 dollars in that bank it is okay. it is safe and it goes to the biggest bank in cyprus the bank of cyprus. >> the good news it won't hurt or markets. >> cyprus isn't out of the woods just yet. moody agency warning it is still at risk of default and it can exit the euro. that could see the euro zone through out the entire content. they will have painful consequences for cyprus. the gdp will be negative for quite sometime. right now there is how much money can be taken out of the atm 100 euros a day. there's panic over there. >> stars are going through and we don't want to have it here. >> it is time to take a look at who is talking this morning we are looking at the continuing national debate on guns. new york city mayor on michael bloomberg announcing a $12 million ad campaign for mayors against guns. in at
to collect sales tax from all out of state internet retailers will take place in the senate today. inevitably, it has a lot of support from the big box retailers in particular. let's bring in john harwood who is live from d.c. though this may just be a symbolic vote, weir to are told john. >> symbolic, but not meaningl s meaningless. it's a spring training of sorts to test opinion within congress on various causes. we saw a vote yesterday on the budget resolution, on the repeal of a medical device tax that was included to help finance the national health care law in the early part of the obama administration. the reason it's spring training is that budget resolutions themselves are not lost. so these are not binding votes, but they're a way to test sent ims for what they make later on and that's what we're seeing on the online sales tax situation. 48 states already have laws on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, th
is being asked to tax the savings accounts in people's banks at about 10% in exchange for 10 billion euro bailout from its eu partners. that's a first in the short but painful history of eurozone bailouts and it set off a weekend run on atms. people trying to get their savings out before taxes hit. banks are closed through wednesday to prevent a run. parliament is due to vote on that tax tomorrow. >>> so how offensive is this. check out that salute. the nazi salute on the field of a professional soccer game in greece over the weekend and the player is actually doing this to celebrate a goal. that 20 year old was immediately admonished. look at the look at the face of his teammate. eke. in his defense he said he did not know this was a nazi salute. that he doesn't know politics. but he certainly has time to learn now because he's been banned for life from ever playing on his country's national team. >>> a close call for louisiana governor bobby jindal on his way home from his son's soccer game when a truck sideswiped his car while making an illegal turn. governor jindal wasn't hurt but a t
. i...i mean, you...love. . >>> the one thing we've seen is $1 trillion in higher taxes, taxing more, borrowing more and spending more is not a path to prosperity. >> that was congressman paul ryan on the hill. pleased that democrats are bringing bunts budgets to the table. maryland congressman chris van holland is the ranking member on the house budget committee. he joins me now, congressman van holland. good afternoon to you. >> good afternoon to you, luke. >> i want to get your take on house republicans are panning the democratic budgets that will be voted on tomorrow. your budget, the black caucus budget, the progressive budget, various ones have no chance of becoming law. is there any worry that the idea that republicans are putting forward that our budget balances, our budget balances, a very good sound bite that can work in mid-term elections. whereas you guys' isn't balanced until about 2040. is there any worry that the message could take hold and cause problems for you in the 2014 mid-terms? >> no, luke, for this reason -- the republican budget, the ryan budget balances on t
amendments on the keystone xl pipeline. there were amendments on the medical tax device that pays for obama care. there are amendments on all sorts of things that don't have to do with the budget. so it was as political as it was about policy last night. >> yeah. but amie, you know, democrats passing this first budget in four years here, how significant is that? and what does it call for? >> well, it's significant just like andy said. it's sort of all politics at play. but you know, it's so vastly different from what the republicans in the house want. so i don't think -- and it's different than what the president wants. so i think that list just posturing. you know patty murray expressed optimism. she said that they might be able to bridge that divide. but i'm rather skeptical of that, alex. >> yeah, i'm curious, andy, why do you think? because you've got one being passed by the democratically controlled senate, and then you've got the house, or the gop control, do you think there's any chance these two extreme budgets in terms of their perspectives, will be mitigated and something will be
people from buying the cost might. new yorkers paid the highest state tax on cigarettes. $4.74 tax a pack. number two highest rhode island followed by connecticut. meantime, virginia, which is a big tobacco producer, is next to last. missouri has the lowest state taxes at 38 cents a pack. where does your state rank? just head to our website jansing.msnbc.com. [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never want to go back. its dynamic power bristles reach between teeth to remove up to 76% more plaque than sonic in hard to reach areas. oral-b deep sweep 5000 power brush. [ female announcer ] from more efficient payments. ♪ to more efficient pick-ups. ♪ wireless is limitless. [ female announcer ] from tracking the bus. ♪ to tracking field conditions. ♪ wireless is limitless. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at th
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